Why is Vandana Knitwear falling/rising?

As of 03-Jul, Vandana Knitwear Ltd's stock price is currently at Rs 19.77, reflecting an increase of Rs 0.38, or 1.96%. The stock has been on an upward trend, gaining for the last seven days and achieving a total return of 14.68% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong short-term momentum. Despite this positive price movement, the company faces challenges such as operating losses and a weak ability to service its debt, which may hinder long-term growth. The stock has generated impressive returns of 299.39% over the past year, but its profits have only increased by 3%, leading to a high PEG ratio of 6.4, suggesting it may be overvalued.
In the broader market context, Vandana Knitwear's performance has significantly outpaced the benchmark Sensex, which has seen a decline of 0.62% over the past week while the stock itself has risen by 10.26%. This strong performance relative to the market indicates investor confidence in the stock despite its underlying financial weaknesses. However, the recent drop in delivery volume by 93.83% against the 5-day average suggests a potential decline in investor participation, which could impact future price movements. Overall, while the stock is currently rising, its long-term fundamentals remain a concern.